Harbinger Founder’s Wife Accused Of Abuse, Homophobia

Feb 19 2010 | 1:15pm ET

The wife of hedge fund honcho Phil Falcone has been accused of abusing and sexually harassing their former house manager.

William Gamble filed suit against Falcone, who heads Harbinger Capital Management, and his wife, Lisa Maria, in Manhattan state court, accusing the latter of making sexual advances toward him and then assaulting him when they were rebuffed, the New York Post reports. Gamble, who is gay, also said that Lisa Maria liberally peppered her language with homophobic slurs around him—almost from the moment he was hired.

According to Gamble’s lawsuit, Lisa Maria asked him about his sexuality at his first interview for the job, which he began two years ago.

“Falcone thereafter saw fit to utter homophobic comments directed at gay people in general and [Gamble] in particular,” he alleged. She complained that Gamble “did not live up to her idea of what a stereotypical gay man should be” and once said all he needed was “a good fuck” to change him into a heterosexual.

The last straw—barely two months into his tenure—came during a family trip to their Caribbean estate that March. Gamble said “a visibily inebriated Falcone” attacked him, “forcibly pushing her hand down his pants to grab his genitals.”

“When rebuffed, Falcone struck [Gamble] three times with her hand forcefully enough to leave deep bruises on his abdomen.” Upon their return, Gamble said Falcone became “increasingly hostile,” and he was fired on April 4.

"This is an absolutely false, baseless lawsuit which is nothing more than a transparent attempt by a disgruntled former employee, let go after two months, to extract money," a Falcone family spokesman said. "Phil and Lisa Maria have zero tolerance for discrimination of any kind and any suggestion to the contrary is completely untrue, as are all the other allegations in the complaint."

Separately, the family behind Harbert Management, which co-founded and seeded Harbinger, has settled an ugly dispute between siblings.

Marguerite Gray, daughter of the founder of the Harbert Corp. construction company, had sued her brother Raymond Harbert, accusing him of taking control of what was left of the construction company to founder Harbert Management, which in turn co-founded Harbinger.

Gray’s lawsuit was settled out of court yesterday. Terms were not disclosed.


In Depth

Part II: Roubini Talks Risk, Recovery And The Threat Of A Triple Dip Recession

Oct 21 2014 | 12:41pm ET

In the second half of our interview with Nouriel Roubini, FINalternatives editor...

Lifestyle

Balyasny Pays Over $6M For Lakefront House

Oct 22 2014 | 10:29am ET

A venture headed by hedge fund manager Dmitry Balyasny just paid $6.2 million for...

Guest Contributor

Hedge Funds Weather A Data Management Perfect Storm

Oct 22 2014 | 12:28pm ET

From a regulatory standpoint, nearly every development since the crisis has placed...

 

Videos

Editor's Note

    Guidelines for Guest Articles

    Oct 22 2014 | 9:46am ET

    We are always looking for guest articles from hedge fund managers and buy-side firms.

    If you are interested in submitting a contributed piece for possible publication on FINalternatives, please take a look at the specs. Read more…

 

Futures Magazine

October 2014 Cover

Demeter: Family affair

David and James Hamman launched their fundamental Livestock and Grains Program in March of 2010 but it really was decades in the making.

The Alpha Pages

TAP July/August 2014 Cover

The Alpha Pages Interview: Senator Rand Paul

Senator Paul sat down in the debut series of the Alpha Pages Interview to discuss the broken tax code, regulation surrounding Bitcoin, and his plans for the 2016 Presidential election.